The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!

CNN analyst Susan Hennessey said that it was the first time a White House staff member fact-checked Trump in public.

'I'm not the chairman of council of Twitter advisers, ' Hassett quipped.

"The notion that what we're seeing right now is just a continuation of trends is not super defensible", he said. "And usually the answer is, he doesn't have an answer", Obama continued.

But economists tell AFP the truth is closer to splitting the baby: neither president is exclusively responsible and yet both deserve some of the credit for an economic recovery that without a doubt began under Obama.

Kevin Lewis, the former spokesman, told Hill.TV that Obama came into office when both the US and global economy were in a "free fall", and that he made the "necessary steps" and worked with Congress to ultimately save both.

"There's not in any way a timing that's related to President Obama's Friday remarks", Hassett said.

Meanwhile, Trump has slashed regulations to energize businesses.

'But what is true is that it's the highest in ten years'.

The economy grew at a 4.2 percent rate in the second quarter, the best performance in almost 4 years.

The International Monetary Fund now predicts 2.9 per cent growth this year and next, marking the longest period of expansion in United States history.

Yet, in another unusual twist, Trump's popularity has been consistently and historically low despite the relatively good economic times.

Obama followed that path for a while, only vaguely criticizing Trump policies or behaviors and avoiding naming the president by name in the comments, before recently shedding all pretense and attacking Trump directly.

Vice President Mike Pence said he is disappointed that Obama isn't behaving like past presidents, but also that it doesn't really matter. The GDP rate Trump's tweet refers to is for the second quarter of 2018 - and while that rate might continue the for the rest of the year it's not a sure thing by any means.

Since Trump took office, after-tax corporate profits are up 15 per cent while the S&P 500, a broad-based index of Wall Street stock prices, is up 20 per cent. While the two rates are related in the sense they're indicators of how well the economy is doing, it's like comparing apples and oranges.

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